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| Multiplier Effect |
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The 'Multiplier Effect' is a method by which job opportunities and wealth are created by attracting new industry into an area. By introducing a new industry, it is hoped that industries 'linked' to that industry will follow and increase the amount of job opportunities and wealth of those people with the resulting jobs.
This has many knock-on effects that 'multiply' the wealth in an area: people have more money to spend, and so local shops and other services benefit and can possibly expand both their range of services and size, and in turn all of these effects can create the money needed to enhance the infrastructure and image of the area. The result of this is more industry is attracted to the area. |
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